Thinking of renovating your home? In order to make your remodeling project a success, avoid these five common and costly blunders…
Not having a strict remodeling budget
It’s easy to overspend when renovating your home. Many people have a budget but get tempted to exceed it so that they can have that dream granite countertop or because they didn’t plan for extra plumbing costs when repositioning the bathtub. Before starting the project, try to get a clear idea of the costs required by consulting with a professional. On top of this, assess how much you can really afford to pay – you may decide to take out a loan, but make sure that you keep a borrowing limit. Sites like Choice Homeowner Loans offer these lending options with good interest rates.
Not considering the ROI
When making permanent changes to your home, it could be worth considering the return on investment. Certain green features could save you money in the long run by lowering your energy consumption – these could include adding double-glazed windows, insulating walls and swapping regular bulbs for LEDs. You may also want to consider the value these improvement bring to your home, especially if you plan to sell in the future. Painting the walls pink or adding leopard print carpets could be something you personally love, but many buyers may not like it resulting in a negative effect on your home’s value.
Not knowing when to call in the professionals
It’s perfectly fine to take DIY approach when renovating – so long as you know what you’re doing. If you feel out of your depth, it could be better to hire a professional company such as A+ Construction Pro to handle your renovation. Attempting something without the expertise could result in costly mistakes. You should certainly not touch electrics or gas plumbing if you’re not qualified as this might not only be costly but dangerous if done wrong. Similarly, considering hiring help when installing windows or knocking down internal walls.
Not getting planning permission
Planning permission may be required when extending your home or making changes to a building that is over a certain age. If you go ahead without permission and your local council find out, you could be ordered to undo all your work and restore your home to its old condition. On top of talking to your local planning committee, it could be worth consulting with your neighbours – you don’t want to build an extension only to find that it stops the neighbours getting sun in their garden, causing them to then complain to the council.
Not telling your home insurer
If you’ve got home insurance, it’s important that your provider also knows about your renovation plans. If you fail to tell them, you could be denied future claims or may not be covered for this part of the house (for example, if a burglar climbs breaks through a new window you’ve fitted and your insurer doesn’t know about this window, they won’t offer compensation.)
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